Accessing Your Pension

https://is1-ssl.mzstatic.com/image/thumb/Podcasts114/v4/5a/64/b1/5a64b171-41d7-a6d8-c97c-05ca4a977da0/mza_354771660332549853.jpg/600x600bb.jpg

Tony Talks Wealth Podcast

Tony Thomas

100 episodes

3 weeks ago

Welcome to Tony Talks Wealth!

Tony interviews real people about their money journey, challenges and how they overcame them. You will learn personal finance and practical money management tips to help you get your finances in order as well as your money mindset.

He also discusses how to invest and plan for an early-retirement and financial freedom in simple, easy to understand language. It’s time to plan your finances and create your own ‘GAME Plan’.

‘If you fail to plan, you are planning to fail’ – Benjamin Franklin

Hosted on Acast. See acast.com/privacy for more information.

Self-Improvement

Education

RSS

All content for Tony Talks Wealth Podcast is the property of Tony Thomas and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Welcome to Tony Talks Wealth!

He also discusses how to invest and plan for an early-retirement and financial freedom in simple, easy to understand language. It’s time to plan your finances and create your own ‘GAME Plan’.

‘If you fail to plan, you are planning to fail’ – Benjamin Franklin

Hosted on Acast. See acast.com/privacy for more information.

Self-Improvement

Education

https://assets.pippa.io/shows/654f5a24fd344d0013e02828/show-cover.jpg

Accessing Your Pension

Tony Talks Wealth Podcast

5 minutes 44 seconds

3 years ago

Accessing Your Pension

Tony talks about the requirements of withdrawing your pension and the five things you need to carefully consider before doing so. Currently you can access your pension from the age of 55, changing soon to 57 unless you have a protected pension age, so if you are approaching these birthdays it's worth checking out Tony’s advice.

KEY TAKEAWAYS

Pension Freedoms. Consider your pensions accessibility arrangements.
Savings Requirements. How much will you need each month to maintain your lifestyle?
Future costs. You need to consider care needs and inheritance planning.
Health and Life Expectancy of both you and your partner.
Obtain professional advice to make sense of the complications of the financial decisions of retirement.

BEST MOMENTS

‘There’s a lot to think about when you withdraw money from your pensions because it’s a huge decision as it has major implications on how long that money lasts for throughout your retirement.’

‘We often vastly underestimated this but evidence shows that we are mostly living longer.’

‘How long will I need my money to last? How long do I want to keep working? How much tax might I pay?’

VALUABLE RESOURCES

Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth

ABOUT THE HOST

Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.

“Live For Today, Invest For Tomorrow”

CONTACT

Tony’s official website: https://ttwealth.co.uk/

Facebook: https://www.facebook.com/TonyThomas.IFA/

LinkedIn: https://www.linkedin.com/in/tonythomas2/

This show was brought to you by Progressive Media

Hosted on Acast. See acast.com/privacy for more information.